TradingMarkets 7 ETFs You Need to Know for Wednesday

Buyers were most aggressive in the energy patch, bidding higher shares of exchange-traded funds (ETFs) like the ^DIG^. DIG has closed in overbought territory above the 200-day moving average for the past two days in a row.

Materials funds were also in demand, with the ^XLB^ up over 1% on the day. Rallying to its highest levels since mid-January was the ^IAU^.

Here are 7 ETFs You Need to Know for Wednesday.

A growing number of exchange-traded funds have earned low ETF PowerRatings of 2 ahead of trading on Wednesday. These funds short term traders should consider avoiding include the ^EZU^ and the ^EWP^.

Among the leveraged exchange-traded funds earning top Leveraged ETF PowerRatings ahead of Wednesday’s trading is the ^FAZ^ .

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The ^UUP^ pulled back to just outside of oversold territory above the 200-day moving average on Tuesday.

Closing in overbought territory for a second consecutive trading session was the ^SSO^. The ETF, which closed at its highest levels since the second half of January, has closed above its 5-day moving average for three days in a row, as well.

The ^XRT^ has closed in overbought territory for an eye-popping five days in a row. XRT pulled back slightly on Tuesday, but remains very much overbought and due for a larger reversal.

Continuing to retreat after reaching short term overbought highs below the 200-day moving average was the ^TLT^.

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